There’s been a lot of comment and discussion lately about buying rental property in the USA. It seems as if everyone who talks about it online has their own ‘deal’ to offer, and tries to trash all other alternatives.
As someone who lived and worked in the USA for a number of years, in property and related sectors, my observation is that the rules for property investment are the same anywhere:
1. First, carefully consider whether property should be part of your investment portfolio. A financial planner or investment adviser is the best person to consult, if you are unsure.
2. Once you have decided to include real estate in your investment plans, you need a clear plan, and you need to consider any property in light of your plan.
3. You also should think about your ‘comfort-zone’. Some investors want to invest in properties close to home, so they can keep an eye on them; others don’t care whether they ever even see the properties they own. And many investors operate between these two extremes.
4. Once you have sorted out your comfort-zone, you then need to apply a rental property specification checklist to any property you might consider buying. Contact www.RealTeam.com.au and ask for a sample rental property checklist